InvestorsHub Logo
icon url

dindindon

10/14/15 2:58 PM

#15873 RE: dindindon #15870

10/14/15 Gold to assault second resistance zone 1193-1196

review:
10/13/15 01:25:33 AM
now, 1153 is becoming a support
To be bullish, price needs to close above 1169-1171. if so, imho, there is a 50/50% odd to see 1193-1196, somewhat tight on timing to see 1250. (Edit: see Quote)

Prognosis:

Gold Futures - Dec 15 (GCZ5)
18:41:38 GMT 1,186.90 +21.50
session range Oct 14, 2015 1188.30-1163.00, Ongoing
http://www.investing.com/commodities/gold-historical-data

London Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market
Oct 14 2015 am: $1173.70 pm: $1173.90 ( > 1169-1171 )
http://www.321gold.com/archives/fix.html

- Gold price is very speculative.
- Fibonacci/Cycle projections provide rough guides, it is not a crystal ball.

Eric Hadik
Beginning Oct. 7, 2015 Weekly Re-Lay Alert...

“Transition Time II: 4Q 2015”

link
Gold and Silver are reinforcing intermediate analysis for another, potentially stronger, surge from Oct. ½ into Oct. 23/26. In addition to much corroborating analysis and trading signals, a surge into late-October would provide an intriguing parallel to the Jan. 2nd-Jan. 22/23 surge…capping off a replica of the entire move from Nov. into Jan.
Gold needs to exceed 1169.8/GCZ to do the equivalent. Both have turned their intra-month trends up, reinforcing the outlook for October.